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Decreases in retained earnings that represent costs of assets or services used to earn revenues are called what?
Wiki User
∙ 14y ago
expenses
Wiki User
∙ 14y ago
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What Fundamental analysis of a company's stock focuses on?
The company's traits such as revenues and earnings per share Overall trends in the market such as bull and bear markets Overall trends in the market such as bull and bear markets
Fundamental analysis of a company's stock focuses on what?
The company's traits such as revenues and earnings per share Overall trends in the market such as bull and bear markets Overall trends in the market such as bull and bear markets
Profit is calculated by subtracting costs from?
Profit is calculated by subtracting operating costs from gross revenues.
How do investment bankers generate revenues for their firms?
Investment bankers can generate revenues for their firms by the amount of money they bring in from their customers. By bringing in money, the firm will have more to invest.
Define Prepaid revenue?
Prepaid revenues are defined as revenue that have been received in the current fiscal period but that will not be added to revenues until a subsequent fiscal period when the benefits are given.
What effect do revenues and expenses have on retained earnings?
Revenues Increase and Expense Decreases.
Why is it during analyzing the transaction revenues and expenses are recorded as increases and decreases to retained earnings?
At your reporting ending period, you will take your net income/loss (Income minus expense) and add/decrease your retained earnings. This is a closing journal entry.
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
Do Revenues represent decreases in stockholders' equity?
no, they represent increases in stockholders' equity.
Do you close out retained earnings?
the accounting entry to transfer retained earning to balance sheet is as follows profit and loss appropriation a/c dr to capital account No. Retained Earnings in accumulation (of all years) of earnings. It appears on the balance sheet. Any account on the balance sheet is in essence rolled over from period to period (not closed out). What is closed out TO retained earnings are revenues, expenses, and dividend account (notice how they are all accounts that appear on the income statement).
Are revenues the same as net income?
Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net difference is added to (or subtracted from) the retained earnings account?
Income summary account
What are current year earnings on a balance sheet?
Current year earnings are the net income or loss of the business for the current year. This amount is the difference between all revenues and all expenses on the income statement. Current year earnings are presented on the balance sheet only until they are transferred to retained earnings.
What is an earnings approach to accounting for revenues?
What is earning approach
How can find out profit into balance sheet?
To determine profit in a balance sheet, you would need to look at the income statement. The income statement shows revenues and expenses for a specific period, such as a year. At the end of the period, the net income (profit) is transferred to the balance sheet as retained earnings. The retained earnings section of the balance sheet will show the accumulated profit over time.
What are the subdivisions of owners equity?
the four subdivision of owner's equity are: Capitals Withdrawls Expenses Earnings (Revenues) DO NOT MISTAKEN ACCOUNT PAYABLES & RECEIVABLES AS BEING EXPENSES AND EARNINGS or REVENUES :)
What are The four subdivisions of owner's equity?
the four subdivision of owner's equity are: Capitals Withdrawls Expenses Earnings (Revenues) DO NOT MISTAKEN ACCOUNT PAYABLES & RECEIVABLES AS BEING EXPENSES AND EARNINGS or REVENUES :)
